Nexon Group's holding company NXC announced on the 19th that it will participate in the paid-in capital reduction of its Belgian investment subsidiary NXMH B.V. by disposing of 133,937,922 shares of equity.
The disposal price amounts to a total of $510 million, approximately 73.76 billion won based on the exchange rate on the date of the board resolution.
NXMH is an investment firm under NXC and has subsidiaries such as the Norwegian stroller company Stokke. Additionally, it serves as the second-largest shareholder, owning 14.6% of the equity of Nexon Japan, which is listed on the Japanese stock market.
An NXC representative noted, "This capital reduction is a strategic decision stemming from the group's financial strategy, aiming for capital structure optimization and financial efficiency improvement."